CHAMPION GROUNDWORKS LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4.1%

  £78,451,403 → £81,684,347

• Cash

  +29.6%

  £5,908,369 → £7,657,481

• Net assets

  -11%

  £35,964,414 → £32,012,326

• Employees

  +3.8%

  345 → 358

• Operating profit

  -86.1%

  £3,035,058 → £420,734

• Profit before tax

  -71.1%

  £4,438,132 → £1,284,289

• Wages

  +3.7%

  £14,846,893 → £15,392,454

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at the current time the group remains in a strong financial position, with a strong cash balance and improving trading reserves. The directors continue to monitor the ongoing impact of the increasing inflationary cost pressure currently being experienced in the UK. At the balance sheet date the group maintains a strong cash balance. The business continues to have access to its pre-existing bank facilities and the directors take further comfort from their long-standing relationships with key customers and the underlying strength and robustness of the business that has weathered other financial downturns and competitive pressures before. Due to the business' strong net asset position it retains the flexibility to obtain additional financing from multiple sources or further delay repayment of certain liabilities in the event that the economic environment is more challenging than originally forecast. In the medium term the directors believe that the demand for the groundworking services the business provides will remain strong due to the continued housing developments in the South West. The group has expanded its operations and client base and now covers Cornwall, Devon and Somerset. On the basis of the forecasts completed and analysis, the directors remain confident that the company and group will continue to be a going concern for a period of at least 12 months from the date of approving these financial statements.”

Group structure

1. CHAMPION GROUNDWORKS LIMITED · parent
   1. Fred Champion Groundworks Limited 1% · England and Wales · groundworks contractors
   2. Fred Champion Hire Limited 1% · England and Wales · hire of equipment
   3. Champion Scaffolding Limited 1% · England and Wales · investment holding company
   4. Fred Champion Scaffolding Limited 1% · England and Wales · scaffolders

Significant events

• “In July 2024 the entire share capital of the company was acquired by Champion Groundworks & Construction Limited as part of a group restructure. As part of this transaction Champion Groundworks acquired the share capital of Champion Scaffolding Limited.”
• “On 23 July 2024, Champion Groundworks Limited acquired 100% of the issued share capital of Champion Scaffolding Limited group, obtaining control.”
• “On 30 July 2024 a change of control occurred when Champion Groundworks & Construction Limited acquired the share capital of the group from the previous shareholders.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

8

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.